Prysmian Moves Forward with Encore Wire Deal
The Prysmian Encore Wire acquisition reached a new milestone after Prysmian Group received U.S. antitrust clearance for the transaction. This step advances Prysmian’s plan to complete its purchase of Encore Wire, a leading cable manufacturer based in McKinney, Texas. Learn more about Prysmian’s global operations at https://www.prysmiangroup.com.
The deal still requires approval from Encore Wire shareholders, along with other standard regulatory conditions before closing. Prysmian stated that integration planning is progressing smoothly and that early results indicate faster synergy potential than initially expected.
Integration Strategy and Growth Outlook
According to Prysmian Group CEO Massimo Battaini, the company remains optimistic about the $4.2 billion acquisition. During a call with analysts, Battaini explained that teams from both companies have already begun aligning strategies for a seamless Day‑One transition.
“We have started identifying key actions for immediate implementation after the deal closes,” he said. “This will help capture the expected $140 million in synergies at a quicker pace than previously forecast.”
Strengthening North American Cable Leadership
Encore Wire produces a broad range of copper and aluminum electrical building wires and cables. Its North American manufacturing base complements Prysmian’s strong global presence in energy and telecom cable solutions. Together, the two companies will expand Prysmian’s reach in North America’s building, infrastructure, and industrial sectors.
As a result, Prysmian anticipates stronger market leadership, improved manufacturing efficiency, and enhanced customer service across the region.
More information on Encore Wire and its product portfolio can be found at https://www.encorewire.com.